Providence First Trust Co Sells 2,078 Shares of BlackRock $BLK

Providence First Trust Co trimmed its stake in shares of BlackRock (NYSE:BLK) by 74.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 725 shares of the asset manager’s stock after selling 2,078 shares during the quarter. Providence First Trust Co’s holdings in BlackRock were worth $776,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Lingohr Asset Management GmbH acquired a new stake in shares of BlackRock during the third quarter valued at about $700,000. Ontario Teachers Pension Plan Board grew its holdings in BlackRock by 6,347.9% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 42,234 shares of the asset manager’s stock worth $49,239,000 after acquiring an additional 41,579 shares during the last quarter. Sienna Gestion increased its position in BlackRock by 51.5% in the 3rd quarter. Sienna Gestion now owns 22,859 shares of the asset manager’s stock valued at $24,299,000 after acquiring an additional 7,773 shares during the period. Tandem Investment Advisors Inc. bought a new position in shares of BlackRock during the third quarter valued at $83,247,000. Finally, Sarasin & Partners LLP raised its stake in shares of BlackRock by 10.6% during the fourth quarter. Sarasin & Partners LLP now owns 251,856 shares of the asset manager’s stock valued at $269,572,000 after acquiring an additional 24,196 shares during the last quarter. Institutional investors own 80.69% of the company’s stock.

More BlackRock News

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Larry Fink said BlackRock is partnering with a hyperscaler to build data centers, a move that could diversify revenue, deepen cloud/AI infrastructure ties and signal new fee or custody opportunities once announced later this week. BlackRock’s Larry Fink hints at a coming partnership with a hyperscaler
• Positive Sentiment: BlackRock-led institutional flows into U.S. spot Bitcoin ETFs remain strong (multi-day inflows), underscoring product-market dominance for IBIT and supporting fee growth from ETF AUM expansion. This is a near-term driver of asset-gathering momentum. BlackRock And Fidelity Lead $532 Million In Institutional Bitcoin ETF Inflows
• Positive Sentiment: BlackRock split shares of two popular iShares ETFs to make them more accessible to retail investors — a tactical move that can broaden retail participation and potentially boost passive AUM over time. These 2 BlackRock ETFs Get More Accessible After Stock Splits
• Positive Sentiment: Senior BlackRock executives are upbeat on AI-driven demand and emphasize broad secular opportunities beyond headline names, which supports the firm’s equity research and product positioning in AI-related strategies. ‘Like 10 Manhattan Projects going off all at once’: AI is rewiring the entire global economy
• Neutral Sentiment: Rick Rieder (head of fixed income) said he expects the 10-year Treasury to drop toward ~4%, a call that, if realized, would buoy bond returns and fixed-income fund performance but depends on Fed policy and macro surprises. Impact is directional but uncertain. BlackRock’s Rieder Sees 10-Year Yield Dropping to 4%
• Neutral Sentiment: DTCC’s tokenization pilot (with BlackRock among participants) signals long-term institutional interest in tokenized securities infrastructure; meaningful revenue is possible but likely further out. DTCC eyes October tokenized securities launch with 50 DeFi and TradFi giants
• Negative Sentiment: Technicals and market positioning likely pressured the stock today: BLK is trading below its 200-day moving average, volume is lighter than average, and investors may be taking profits after recent gains — a short-term headwind for the share price.

Insider Activity at BlackRock

In related news, President Robert Kapito sold 8,739 shares of the company’s stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $1,056.60, for a total transaction of $9,233,627.40. Following the transaction, the president directly owned 210,186 shares of the company’s stock, valued at approximately $222,082,527.60. This represents a 3.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director J. Richard Kushel sold 2,000 shares of the stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $1,083.05, for a total value of $2,166,100.00. Following the completion of the transaction, the director owned 61,980 shares in the company, valued at approximately $67,127,439. The trade was a 3.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 106,911 shares of company stock worth $114,670,698. 1.92% of the stock is currently owned by insiders.

BlackRock Stock Performance

Shares of BLK stock opened at $1,048.73 on Wednesday. The firm has a 50 day moving average of $1,006.99 and a 200-day moving average of $1,058.31. The company has a market cap of $163.12 billion, a price-to-earnings ratio of 26.32, a price-to-earnings-growth ratio of 1.37 and a beta of 1.44. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.37. BlackRock has a 52 week low of $906.57 and a 52 week high of $1,219.94.

BlackRock (NYSE:BLK) last issued its earnings results on Tuesday, April 14th. The asset manager reported $12.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $12.40 by $0.13. The business had revenue of $6.70 billion for the quarter, compared to analyst estimates of $6.56 billion. BlackRock had a net margin of 24.40% and a return on equity of 14.96%. BlackRock’s revenue was up 27.0% on a year-over-year basis. During the same period in the prior year, the firm earned $9.64 earnings per share. On average, equities analysts forecast that BlackRock will post 52.77 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on BLK. CICC Research boosted their price objective on shares of BlackRock from $1,000.00 to $1,250.00 in a research note on Tuesday, February 3rd. BMO Capital Markets raised their target price on BlackRock from $1,200.00 to $1,250.00 and gave the stock an “outperform” rating in a research report on Monday, April 20th. BNP Paribas Exane upped their price target on BlackRock from $1,290.00 to $1,300.00 and gave the company an “outperform” rating in a research report on Thursday, January 15th. Weiss Ratings cut BlackRock from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 29th. Finally, Keefe, Bruyette & Woods raised their price objective on BlackRock from $1,150.00 to $1,240.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,269.06.

About BlackRock

BlackRock, Inc is a global investment management firm that provides a broad range of products and services to institutional, intermediary and individual investors. Its core activities include portfolio management across active and index strategies, exchange-traded funds (ETFs) under the iShares brand, fixed income, equity and multi-asset solutions, as well as alternatives such as private equity, real estate and infrastructure. The firm also offers cash management and liquidity solutions and retirement-focused products designed for defined contribution and defined benefit investors.

In addition to traditional investment management, BlackRock is known for its technology and risk management capabilities, most prominently its Aladdin platform, which combines portfolio management, trading and risk analytics and is used both internally and licensed to external clients.